TAS Agro’s southern cluster (Kirovohrad, Vinnytsia and Mykolaiv regions) has started the spring sowing campaign, with a focus on sunflower, which will be planted on 2764 hectares, the company’s press service reported on Facebook.
“The production units are fully provided with seeds, fertilizers, plant protection products, and fuel and lubricants. Modern technological complexes are used in sowing, which increase the accuracy of sowing and increase productivity,” said Andriy Zvarych, director of TAS Agro South LLC.
Meanwhile, preparations for the sowing season are underway in the central, northern and western clusters of TAS Agro. In particular, TAS Agro’s northern cluster in Chernihiv region is currently preparing machinery for the upcoming spring field work. TAS Agro West is completing the pre-sowing soil preparation stage, which involves closing off moisture on an area of 13.5 thousand hectares.
In addition, TAS Agro Center continues to provide comprehensive crop care and conducts regular fertilization of winter wheat using UAN-32 mixed with ammonium thiosulfate.
TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.
According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.
The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.
Astarta, Ukraine’s largest sugar producer, has successfully passed certification under the Canada Organic Regime standard and received a Canadian organic certificate for its products – organic chickpeas and high oleic organic sunflower, the company’s press service reported on Facebook.
“This expands our export opportunities and strengthens Ukraine’s position as a supplier of quality organic products on the world stage,” Vyacheslav Chuk, the agricultural holding’s director of commercial and strategic marketing, said in a statement.
As noted, the certification confirms that the production process complies with international organic standards, which include the use of renewable resources, safe technologies for people and the environment, animal welfare, prohibition of GMOs and prevention of environmental pollution.
“Demand for organic products is growing globally, and Canada is one of the largest importers of organic products. The certificate gives us access to new markets that recognize this standard,” explained Chuk.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.
“Kernel, one of Ukraine’s largest agricultural holdings, intends to strategically adjust its crop mix for the 2025 harvest during the spring sowing campaign to align with its more sustainable practices that were maintained before the full-scale war in Ukraine.
According to the quarterly report published on the company’s website on Friday, Kernel plans to allocate about 168 thousand hectares for corn, which is twice as much as in the 2024 season and will account for 49% of its total production area.
At the same time, the agroholding plans to reduce sunflower acreage by 34%, to 44 thou hectares (or 13% of the crop structure). The agricultural holding explained this decision by further optimizing land use and restoring long-term agronomic sustainability.
“In 2025, Kernel will also reduce its soybean acreage to 27 thou hectares, while a year earlier it had 72 thou hectares under soybeans.
“As of the date of the report, winter crops – including 95 thou hectares of winter wheat and 3.45 thou hectares of rapeseed – are in generally good condition, with no significant risks beyond the usual seasonal factors at this stage,” the agricultural holding summarized.
Kernel is the world’s largest exporter of sunflower oil, one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In FY2024, Kernel’s net profit decreased by 44% compared to FY2023 to $167.95 million, while revenue increased by 4% to $3.581 billion and EBITDA decreased by 30% to $381 million.
The sunflower processing in Ukraine in December, atypically for this period, decreased and amounted to about 1 mln tonnes, which is 17% lower than in November and the lowest figure for December since 2014, APK-Inform news agency reported.
“Among the key factors of influence is the rather strict policy of restraining the sale of raw materials by farmers due to the reduction of sunflower production, which led to a significant reduction in oilseed stocks at the enterprises,” the analysts said.
Given the continued downward price dynamics in the export market of sunflower oil, some of the mills suspended operations in December until the price environment improves. At the same time, a number of companies temporarily switched to soybean processing, APK-Inform stated.
Sunflower prices increased last week and fluctuated in the range of 25-27.5 thsd UAH/t CPT, due to the activity of purchases and the amount of supply of raw materials on the market, according to the analytical cooperative “Start”, created within the framework of the All-Ukrainian Agrarian Council. “A number of companies reported fairly good receipts of the oilseed, while some small enterprises suspended operations until the price situation on the market improved,” the analysts said. According to their information, prices for sunflower oil in the domestic market continued to grow, while prices for sunflower meal continued to decline significantly. Processors, trying to balance in such a situation, in some cases refused to sell the meal on the domestic market, while oil was offered at rather high prices, but left the market, they stated.
In Ukraine, sunflower prices have approached the historical price maximum of 25-27 thousand UAH/ton of CPT, according to APK-Inform news agency.
“There are already the first small enterprises that have switched from sunflower processing to alternative crops due to high prices, but other oilseeds are not so good,” the analysts said, adding that many processors report the margin is almost non-existent.
Large plants can afford to work in the red for some time, while small processing companies will either have to stop working until the price situation improves or switch to processing other oilseeds, APK-Inform stated.
